The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arbor Realty Trust Inc. shares valued at $132,026 were purchased by Green William C on Mar 18 ’24. At $12.93 per share, Green William C acquired 10,209 shares. The insider’s holdings grew to 162,809 shares worth approximately $1.98 million following the completion of this transaction.
Also, KAUFMAN IVAN purchased 10,000 shares, netting a total of over 120,500 in proceeds. Following the buying of shares at $12.05 each, the insider now holds 1,108,412 shares.
Before that, KAUFMAN IVAN had added 10,000 shares to its account. In a trade valued at $118,600, the COB, CEO and President bought Arbor Realty Trust Inc. shares for $11.86 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $13.35 million.
As published in a research note from Wedbush on April 11, 2024, Arbor Realty Trust Inc. [ABR] has been rated down from an Outperform to a Neutral and the price target has been revised to $13 from $17. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in late July. As of July 24, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for ABR. Earlier on June 02, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for ABR stock.
Analyzing ABR Stock Performance
During the last five days, there has been a drop of approximately -1.54%. Over the course of the year, Arbor Realty Trust Inc. shares have dropped approximately -19.96%. Shares of the company reached a 52-week high of $15.32 on 01/12/24 and a 52-week low of $11.92 on 02/08/24. A 50-day SMA is recorded $12.83, while a 200-day SMA reached $14.23. Nevertheless, trading volume fell to 2.45 million shares from 4.77 million shares the previous day.
Support And Resistance Levels for Arbor Realty Trust Inc. (ABR)
According to the 24-hour chart, there is a support level at 12.07, which, if violated, would cause prices to drop to 11.99. In the upper region, resistance lies at 12.27. The next price resistance is at 12.40. RSI (Relative Strength Index) is 36.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 86.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
